The Russian interest in the normally wonky technical sessions has caused concern among other delegations, who worry that individual countries could push standards that would make the security of the blockchain technology vulnerable to surveillance and attack.

Russia is not the only country sending high-powered delegations to the I.S.O. technical committee focusing on blockchain standards, which got its start last year.

It is a very sought-out technology today, because it really does create the foundation for the future that is coming, said Gilbert Verdian, the head of the British delegation working on blockchain standards at the I.S.O. and the founder of the company Quant Network.

The Vedomosti article said that the head of the Russian I.S.O. delegation, Mr. Marshalko, was affiliated with the F.S.B. – – Russia is not the only country pushing hard on the blockchain.

At the first meeting of the I.S.O. blockchain group, the Russian delegation led a study group on security and privacy issues, which caused discomfort among some delegates from other countries, according to the two delegates who spoke to The New York Times.

Binance Vs. Deutsche BankBinance surpassed Germanys largest and one of Europes biggest banks in profitability.

Binance, a cryptocurrency startup that was non-existent merely 8 months ago beat out a leading bank that was established 148 years ago.

Given the exponential growth rate of Binance and the rapid movement of the cryptocurrency market, the motivation of the government of Malta in embracing the cryptocurrency industry and startups within it is quite evident.

The fact that startups with about 200 employees have reached multi-billion dollar valuations and beat out major banks such as Deutsche Bank in profitability demonstrate a healthy long-term development of the cryptocurrency market.

As long as the demand for the cryptocurrency market can be sustained and institutional investors continue to enter the space, similar to how Binance has been able to surpass Germanys biggest bank in less than 8 months of existence, it is possible that cryptocurrency businesses take over the global finance…